Climate Change Data

ASEAN Centre for Energy (ACE)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:14.2% in 2020; projected increase towards 23% by 2025

ESG Focus Areas

  • Energy Security
  • Energy Transition
  • Renewable Energy
  • Climate Change Mitigation
  • Sustainable Finance

Environmental Achievements

  • Increased renewable energy share in ASEAN's energy mix (though specific figures are not consistently provided throughout the report, progress towards 23% by 2025 is mentioned)
  • Initiatives to phase out coal power plants (e.g., Energy Transition Mechanism, Just Energy Transition Partnerships in Indonesia and Vietnam)

Social Achievements

  • Focus on Just Energy Transition Partnerships to ensure equitable benefits from the energy transition
  • National energy efficiency policies in several countries

Governance Achievements

  • ASEAN Taxonomy for Sustainable Finance launched in 2021
  • National green taxonomies published by several ASEAN Member States
  • Increased international cooperation on energy issues

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions targets by various years (differing by country, some aiming for 2050 or 2065)
Medium-term Goals:
  • Various national targets for renewable energy deployment and emissions reduction by 2030 (differing by country)
Short-term Goals:
  • Achieve 23% renewable energy share in TPES by 2025
  • Reduce energy intensity by 32% by 2025 (from 2005 levels)

Environmental Challenges

  • High dependence on imported fossil fuels (oil, gas, coal) in several ASEAN countries
  • Global energy crisis impacting energy prices and supply chains
  • Need to balance energy security with energy transition goals
  • Slow progress in some countries towards renewable energy targets
Mitigation Strategies
  • Strengthening regional cooperation through initiatives like the ASEAN Power Grid (APG) and Trans-ASEAN Gas Pipelines (TAGP)
  • Implementation of national energy efficiency policies and measures
  • Development of renewable energy sources
  • Just Energy Transition Partnerships to support a fair transition away from fossil fuels
  • Energy Transition Mechanism to accelerate the retirement of coal power plants

Supply Chain Management

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of renewable energy sources
  • Energy efficiency improvements

Reporting Standards

Frameworks Used:

Certifications:

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 13 (Climate Action)

Various initiatives contribute to these goals through renewable energy development, energy efficiency improvements, and climate change mitigation efforts.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed